KONE acquires its Israeli distributor Isralift

January 02, 2013

KONE Corporation, Press Release, 2 January 2013

KONE has acquired Isralift, its authorised distributor in Israel. Isralift is one of the leading lift and escalator companies in Israel and it has been KONE's distributor for over 10 years. Isralift has approximately 12,000 lifts in its maintenance base and employs 330 people.

"Isralift has excellent knowledge of our products and they have developed strong customer relationships in the market", says Pierre Liautaud, EVP and Area Director for South and West Europe, KONE.

Isralift will continue to operate as an independent company under its current name and brand.

About KONE KONE is one of the global leaders in the lift and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading lifts, escalators and automatic building doors as well as innovative solutions for modernisation and maintenance. The company's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanising environment. In 2011, KONE had annual net sales of EUR 5.2 billion and on average 35,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd. in Finland.

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